TE Connectivity Ltd. (TEL) announced a profit for its fourth quarter that Increased from the same period last year and beat the Street estimates.
The company's earnings totaled $663 million, or $2.22 per share. This compares with $276 million, or $0.90 per share, last year.
Excluding items, TE Connectivity Ltd. reported adjusted earnings of $726 million or $2.44 per share for the period.
Analysts on average had expected the company to earn $2.29 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 16.7% to $4.749 billion from $4.068 billion last year.
TE Connectivity Ltd. earnings at a glance (GAAP) :
-Earnings: $663 Mln. vs. $276 Mln. last year.-EPS: $2.22 vs. $0.90 last year.-Revenue: $4.749 Bln vs. $4.068 Bln last year.
-Guidance:Next quarter EPS guidance: $2.53Next quarter revenue guidance: $4.5 Bln
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.